Top 2 crypto assets that are deemed to pump exponentially, according to analyst Brian Jung
Popular crypto trader Brian Jung names 2 top altcoins with strong technical fundamentals and retreating from their previous all-time highs.
Avalanche (AVAX)
First on the trader’s list is Avalanche (AVAX). As the trader highlights, the coin reached an all-time high of $144.96 per token in the last 3 days, making it one of the ten most valuable cryptocurrency coins globally with a peak market cap of $31.5 billion.
“The new record capped a rapid rise for the cryptocurrency token that has doubled in value in the last month and is up over 3,000% from one year ago.”
The analyst points out one of the reasons for this spike in price is because of a new deal that Avalanche struck with consulting firm Deloitte that likely helped spur new interest in the coin and its underlying technology. However, the analyst points out that the market reaction was more of a case of “the right news at the right time,”:
“Its timing was coincident with a peak in frustration around the rising cost of using the Ethereum blockchain.”